Gladstone Investment Corporation Reports Financial Results for its First Quarter Ended June 30, 2024

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[{"type":"text","content":"MCLEAN, VA / ACCESSWIRE / August 5, 2024 / Gladstone Investment Corporation (Nasdaq:GAIN) (the \"Company\") today announced earnings for its first fiscal quarter ended June 30, 2024. Please read the Company's Quarterly Report on Form 10-Q, filed today with the U.S. Securities and Exchange Commission (the \"SEC\"), which is available on the SEC's website at www.sec.gov or the investors section of the Company's website at www.gladstoneinvestment.com.Summary Information: (dollars in thousands, except per share data (unaudited)): June 30,2024 March 31,2024 $Change %Change For the quarter ended: Total investment income $22,178 $23,648 $(1,470) (6.2)% Total expenses, net(A) 9,764 18,325 (8,561) (46.7)% Net investment income(A) 12,414 5,323 7,091 133.2% Net realized gain 2 (14,650) 14,652 NM Net unrealized (depreciation) appreciation (18,942) 31,911 (50,853) NM Net (decrease) increase in net assets resulting from operations(A) $(6,526) $22,584 $(29,110) NM Net investment income per weighted-average common share(A) $0.34 $0.15 $0.19 126.7% Adjusted net investment income per weighted-average common share(B) $0.24 $0.24 $- -% Net (decrease) increase in net assets resulting from operations per weighted-average common share(A) $(0.18) $0.63 $(0.81) NM Cash distribution per common share from net investment income $0.24 $0.24 $- -% Weighted-average yield on interest-bearing investments 14.5% 14.3% 0.2% 1.4% Total dollars invested $598 $936 $(338) (36.1)% Total dollars repaid and collected from sales and recapitalization of investments $3,024 $500 $2,524 504.8% Weighted-average shares of common stock outstanding - basic and diluted 36,688,667 36,114,984 573,683 1.6% Total shares of common stock outstanding 36,688,667 36,688,667 - -% As of: Total investments, at fair value $899,138 $920,504 $(21,366) (2.3)% Fair value, as a percent of cost 105.5% 107.8% (2.3)% (2.1)% Net assets $477,380 $492,711 $(15,331) (3.1)% Net asset value per common share $13.01 $13.43 $(0.42) (3.1)% Number of portfolio companies 23 24 (1) (4.2)% NM = Not Meaningful(A) Inclusive of $3.8 million, or $0.10 per weighted-average common share, of capital gains-based incentive fees reversed during the three months ended June 30, 2024 and $3.5 million, or $0.09 per weighted-average common share, of capital gains-based incentive fees accrued during the three months ended March 31...

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